JOHANNESBURG, South Africa – Yoco, a payments startup based in South Africa, aims to hire 200 individuals in the following year.
This is thanks to an R1.2 billion series-C investment round from elite investors, as demand for its digital payment systems surges among small firms.
The money will be used to help the start-up expedite the development of its financial ecosystem, according to the business.
This includes payment methods like as online and in-store, as well as company software and financing.
It also plans to expand its business outside of South Africa.
Currently, the fintech company has over 150,000 merchants.